CPI comes out tomorrow, what will it bring?
The inflation number has quickly become the most important statistic in financial markets.
If the number comes in hot (above estimates), markets (including bitcoin) tend to go down.
If the number comes in cool (below estimates), markets have a chance to rally...
So what will tomorrow bring?
Here's the 2 year dot plot:
(Source: https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/)
Will markets fly or die on the release tomorrow?